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February 1, 2006

News & Opinion: The Wal-Mart Effect: Too big to cover in one post

By: 800-CEO-READ @ 7:52 PM – Filed under: Management & Workplace Culture

Wal-Mart keeps getting larger and Charles Fishman's The Wal-Mart Effect keeps getting more press coverage.
Earlier this week, Todd posted an interview with Charles.
Here are a few other tidbits on the book and the company:
1. BusinessWeek's review
In a nutshell, here's what they say:
The Good: An insightful look at the effect, for good and bad, of Wal-Mart's focus on price-cutting.
The Bad: Did author Fishman get Wal-Mart's side? Not personally. Company quotes are all from outside sources.
The Bottom Line: A successful look at how Wal-Mart works and how it is transforming the U.S. economy.

2. A Fast Company blog entry
Charles has been writing for the FC from day one. Here his colleague covered his book saying that,
Wal-Mart is now so large, it has created its own business ecosystem, where Wal-Mart alone sets the tempo, the rules, the economic climate. That ecosystem, Fishman explains, literally allows Wal-Mart to stand outside the very market forces which we rely on to modulate and regulate all companies. Wal-Mart is so dominant, it can reshape even the rules of market capitalism.

So if Wal-Mart can reshape the rules, are they a good or bad force? Also, check out the 37 comments (as of posting time) on the entry.
3. Wired magazine said:
Backed by balanced reporting, Fishman asserts that Wal-Mart's "always low prices" have a far-reaching effect on every world citizen--even those who have never set foot inside a store. Economic globalization is a loaded topic but thankfully this isn't another creed against free markets.

What are your thoughts on Wal-Mart -- its policies, structure and commitment to low prices?